Senior Portfolio Accountant

Recruiter:

Network Recruitment

Job Ref:

NFR008586/Angie

Date posted:

Monday, February 2, 2026

Location:

Johannesburg, South Africa

Salary:

550 000

SUMMARY:
An established financial services business is seeking a Senior Insurance Accountant to take ownership of technical insurance accounting within a growing finance team.

This is a hands-on senior role, requiring deep insurance accounting expertise and the ability to support, guide, and review the work of junior and mid-level accountants. The successful candidate will be expected to operate independently, act as a technical point of reference, and ensure accuracy, compliance, and operational excellence across the insurance finance function.

POSITION INFO:

Key Responsibilities

Full ownership of insurance accounting for underwriting and insurance portfolios
Oversight and review of:
- Premium income recognition
- Claims accounting
- Commission accounting (brokers, UMAs, agencies)
- Unearned Premium Provisions (UPR)
- Outstanding Claims Provisions (OCP / IBNR)
Review actuarial inputs and ensure correct accounting treatment
Manage and review month-end close processes for insurance portfolios
Ensure accurate journals, reconciliations, and financial reporting
Assist and support accountants and junior accountants with technical insurance queries
Act as the escalation point for complex insurance accounting issues
Liaise with auditors, actuaries, and internal stakeholders
Ensure strict adherence to insurance regulatory requirements, internal controls, and accounting standards
Contribute to process improvements and strengthening of financial controls
Ensure all work is completed accurately, timeously, and in line with compliance requirements

Qualifications & Experience

BCom Accounting / Finance or similar relevant degree
Minimum 5–8 years’ experience in an insurance accounting environment
Proven experience in:
- Technical insurance accounting (not general management accounting only)
- Reviewing and guiding junior finance staff
- Working with insurance-specific provisions and commission structures
Strong knowledge of insurance regulatory frameworks and compliance requirements
Audit experience within the insurance sector will be advantageous

Key Skills & Competencies

Strong technical insurance accounting capability
Excellent analytical and numerical skills
High attention to detail and accuracy
Advanced Excel skills
Ability to work under pressure and meet tight deadlines
Confident communicator, able to explain complex matters clearly
Strong problem-solving ability with a proactive mindset
High levels of integrity, accountability, and professionalism

For more exciting Finance vacancies, please visit:

If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.

We also invite you to contact us to discuss your next career move in finance!

For more information, contact:
Angelique Jardim
Specialist Recruitment Consultant

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